Finance

EU Commission proposes €7bn loan to Greece for July

The European Commission proposed to give Greece a €7bn (£4.92, $7.7bn) bridge loan to cover the countrys financing needs in July using the European Financial Stability Mechanism (EFSM).

Jul 15, 2015

Ukraine: EBRD to invest up to $1bn in 2015 if reforms are made

The head of the European Bank for Reconstruction and Development (EBRD) has said it plans to invest up to $1bn in Ukraine this year, including in the gas sector, provided real reforms are implemented.

Jul 3, 2015

Greece debt crisis: Tourists panic about access to cash as ATMs run out of money

Banking source says only 40% of cash machines in country have money in them.

Jun 30, 2015

Edmund Shing: Forget Greece, buy into the European market recovery

Whether Greece stays in the Eurozone or not I believe you should invest in Eurozone stocks.

Jun 24, 2015

Greeces Yanis Varoufakis urges EU not to fall prey to ‘state of mind that accepts an accident’

Greek Finance Minister Yanis Varoufakis said on Thursday (18 June) the euro zone was dangerously close to a state of mind that accepts an accident. He also slammed other ministers whom he said did not want to discuss his proposal to set up an automatic break on the countrys public deficit.

Jun 19, 2015

Bandhan: India's Newest Bank to Start Operations in August

"We will be a bank for all, but our primary objective will be to serve the unbanked," chairman Chandra Shekhar Ghosh said.

Jun 18, 2015

Austrian brothel offers free sex in tax protest

A taxpayer in Austria who is fed up with what he says are punitive tax payments decided to offer free sex to customers at his Salzburg brothel.

Jun 17, 2015

Greece: Grexit would be a ‘modern Greek tragedy’ if aid talks fail

The Central Bank of Greece issued a stark warning of a Grexit on Wednesday (17 June) if aid talks fail ahead of an end of June repayment deadline.

Jun 17, 2015

Greece: Grexit would be a ‘modern Greek tragedy’ if aid talks fail

The Central Bank of Greece issued a stark warning of a Grexit on Wednesday (17 June) if aid talks fail ahead of an end of June repayment deadline.

Jun 17, 2015

Mayweather and Pacquiao top Forbes list after megabout

Floyd Money Mayweather lived up to the hype of his own nickname topping the latest edition of Forbes list of the Worlds 100 Highest-Paid Athletes.

Jun 11, 2015

George Osborne ready to sell off RBS at a loss

Chancellor of the Exchequer George Osborne said on Wednesday (June 10) he will seek to bind future governments to his vision of permanent budget surpluses, something only rarely achieved in modern Britain.

Jun 11, 2015

IMF debt payment delay by Greece a negotiating tactic

Greek Economy Minister George Stathakis on Friday (5 June) said that Greeces decision to transfer all debt payments to the International Monetary Fund due in June in one batch at the end of the month, was not a sudden decision but had been on the table for quite some time.

Jun 5, 2015